UPDATE: MLV & Co Initiates Coverage on RLJ Lodging Trust as Multiple Factors Drive Upside

In a report published Monday, MLV & Co analyst Ryan Meliker initiated coverage on RLJ Lodging Trust (NYSE: RLJ ) with a Buy rating and $29.00 price target. In the report, MLV & Co noted, “We are initiating coverage of RLJ Lodging Trust with a BUY-rating and a $29 year-end